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FACED with an industry heading toward a wave of bankruptcies, an investor’s first instinct is often turning to the first three pages of the financial statements.
SINGAPORE/SYDNEY: Singapore Airlines Ltd said it had secured up to S$19 billion ($13 billion) of funding to help see it through the coronavirus crisis and expand afterward, in a sign of confidence travel demand will eventually return
PETALING JAYA: Soft loans, cash injection and grants are what the local airlines need immediately to pay salaries to their staff, service loans and aircraft leases to stay afloat during this turbulent times and not complex mergers.
SINGAPORE: South-East Asian ride-hailing giant Gojek has raised US$1.2bil for expansion, defying tech-sector turbulence and the coronavirus (Covid-19) pandemic to secure funds to take on Grab Holdings Inc.
SINGAPORE: Southeast Asian ride-hailing giant Gojek has raised $1.2 billion for expansion, defying tech-sector turbulence and the coronavirus pandemic to secure funds to take on Grab Holdings Inc.
SINGAPORE: Singapore must consider tapping past reserves to help its people and businesses “bleeding” from the impact of the coronavirus outbreak, President Halimah Yacob said.
Worlds Adrift was supposed to be a multiplayer game like no other: think Minecraft meets Second Life. Released to some users in 2018, the virtual world promised to take immersive gaming to another level by using a new technology from SoftBank-backed wunderkind, Improbable Worlds Ltd.
Microsoft Corp is keen to invest in data centres in Indonesia, which will soon make regulatory changes to facilitate the move, the country's president said after meeting with the software giant's CEO on Feb 27.
SINGAPORE: Temasek Holdings Pte, Singapore’s state-owned investment firm, is implementing a company-wide wage freeze and asking senior management to take voluntary pay reductions for up to a year amid the coronavirus outbreak.
SYDNEY: For big business, the impact of the new Covid-19 coronavirus epidemic is already being felt worldwide.